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Help Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $12.00 per

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Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $12.00 per hour. During February, Madrid Co. paid $100,300 to employees for 9,160 hours worked. 2,420 units were produced during February. What is the direct labor efficiency variance? Multiple Choice $6,240 favorable $9,620 favorable $15,860 favorable $8,772 favorable

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